Bailout good or bad I say?
This idea sounds just crazy enough to possibly work, so
naturally it won’t be given serious consideration. How
great is our bureaucracy!!
Hi P.E. Pals,
I’m against the ,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving ,000,000,000 to
America in a We Deserve It Dividend.
To make the math simple, let’s assume there are
200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every
man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into billion that
equals 5,000.00.
My plan is to give 5,000 to every person 18+ as a We
Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has 7,500.00 in
their pocket.
A husband and wife has 5,000.00.
What would you do with 7,500.00 to 5,000.00 in your
family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care
improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+
including the folks who lost their jobs at Lehman Brothers
and every other company that is cutting back. And of course,
for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s
really do it…instead of trickling out a puny 00.00 (
‘vote buy’ ) economic incentive that is being
proposed
by one of our candidates for President.
If we’re going to do an billion bailout,
let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and
clean it up.
Here’s my rationale. We deserve it and AIG
doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the
Billion
We Deserve It Dividend more than I do, the geniuses at AIG
or in Washington DC
And remember, The Birk plan only really costs .5
Billion because .5 Billion is returned instantly in taxes
to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
Your Friend
PS: Feel free to pass this along to your pals as it’s
either good for a laugh or a tear or a very sobering thought
on how to best use Billion!!
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7 comments
me on August 28, 2009 at 8:02 pm
Chum change. I want the $700 billion plan. Not to mention the new plan that just popped up with the Feds buying up short term debt. That’s not included in original plan. That market is about $1.2 trillion. Figure they buy up 25%, that’s another $480 billion. So, about $1.18 trillion bailout. Times the 300% government cost overrun multiplier. That’s $3.54 trillion. I think somewhere along the line here I should end up with a billion or so.
rutgers27 on August 28, 2009 at 8:02 pm
scary
gistrm on August 28, 2009 at 8:02 pm
wow
just browsin on August 28, 2009 at 8:02 pm
85 billion divided by 200 million is more like $425 per person, but your point is well taken.
Biggest welfare ever.
Cameron V on August 28, 2009 at 8:02 pm
amazing plan seriously
Jenny H on August 28, 2009 at 8:02 pm
My Friend, I will vote for you in the next election. I love your thoughts!
CRAZYME on August 28, 2009 at 8:02 pm
I 100 % AGREE WITH U I DO NOT AGREE WITH THIS BILL.
THERE ARE BETTER WAYS TO DEAL WITH OUR FINACIAL SITUATION. AND U HAVE DONE A GOOD JOB DESCRIBING WHAT CAN BE A BETTER WAY.
THANKS FOR SHARING YOUR THOUGHTS AND IM GONNA MAKE SURE TO PASS THIS AROUND.